GoFundMe Offers $100,000 In Scholarships To Students In Need

By Elana Goodwin on September 27, 2016

Need money for college? Look no further. Social fundraising platform GoFundMe announced in a press release they will be giving away $100,000 toward college tuition through the GoFundMe scholarship. Ten college or postgraduate students will each be awarded $10,000 to help pay for their education.

In order to qualify to win the scholarship, an existing or newly created GoFundMe campaign must have the hashtag #GFMScholarship in the campaign description and raise money from at least 10 different donors.

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Since launching in 2010, GoFundMe has become the world’s largest social fundraising platform, having raised over $2 billion so far — and increasingly, more students, teachers, and parents are turning to GoFundMe to help raise money for educational expenses, like college tuition. Over the last two years, over $100 million has been raised on the site for education-related campaigns, making it the fastest growing category.

Each month, college campaigns raise more than $1.5 million on GoFundMe, with the average campaign raising about $2,000. In just the last year, $20 million has been raised for college tuition using GoFundMe, and as the costs of college rises, with graduates facing, on average, over $35,000 in student loan debt, the need for GoFundMe education campaigns is growing.

A recent campaign called “Keeping Kyare at Morehouse” saw Morehouse College student and DC native Kyare, who was facing financial difficulties and who wouldn’t have been able to stay in his engineering program, raise over $15,000 in less than a month.

“We know there are countless students out there who need help with the rising costs of college,” said GoFundMe CEO Rob Solomon. “At GoFundMe, we see incredible stories every single day of communities coming together to make sure students get the education they deserve. With the GoFundMe Scholarship, we hope to make these inspiring students’ educational dreams come true.”

For your campaign to qualify for the GoFundMe scholarship, use the hashtag #GFMScholarship in your campaign description between September 21 and September 28. Also in the campaign description, you should tell the GoFundMe community why you should receive a $10,000 grant to use for your tuition. Once you’ve done that, share your campaign on social media and raise money from at least 10 unique donors.

Campaigns are eligible for the scholarship if they’re created by or for an undergraduate or grad student at an accredited college or university in the USA — so an eligible campaign can be created by students, family members, friends, professors, or anyone who knows a college student in financial need. If your campaign is eligible, it’ll be reviewed by GoFundMe and the 10 campaigns selection by GoFundMe’s committee will be chosen to receive the scholarship and announced in October. Good luck!

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